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Keith Daubenspeck Sanctioned by the SEC

Keith DaubenspeckPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 20, 2016 indicate that former Indiana-based American Trust Investment Services broker Keith Daubenspeck is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Daubenspeck (CRD# 1463372).

Keith Daubenspeck has spent 28 years in the securities industry and was most recently registered with American Trust Investment Services in Whiting, Indiana (2014-2016). Previous registrations include Advanced Equities, which has since been expelled by FINRA, in Chicago, Illinois; Primex in New York, New York; Madison Securities in Chicago, Illinois; Lexington Securities in Chicago, Illinois; Stifel Nicolaus in St. Louis, Missouri; Oppenheimer & Company in New York, New York; Shearson Lehman Hutton in New York, New York; Bear Stearns & Company; LF Rothschild & Company; Moseley Securities Corporation; and Blinder Robinson & Company. He is currently not registered with any state or firm.

According to his BrokerCheck report, Keith Daubenspeck has received three customer complaints, two regulatory sanctions, and one pending regulatory complaint.

In 2013, Keith Daubenspeck was named respondent in a FINRA complaint alleging he omitted material information. The action remains pending.

In 2013, the State of Illinois sanctioned Keith Daubenspeck following unspecified allegations. He was placed on heightened supervision for one year.

In 2012, the United States Securities and Exchange Commission sanctioned Keith Daubenspeck following allegations he made misstatements, omissions, and supervisory failures during a $150 million late stage private equity offering in 2009 and a followup offering in 2010. He was issued a 12-month suspension and a fine of $50,000.

In 2008, a customer alleged Keith Daubenspeck, while employed at Advanced Equities, misrepresented and omitted material information regarding a private placement. The complaint settled in 2009 for more than $199,900.

In 2004, a customer alleged Keith Daubenspeck, while employed at Advanced Equities, provided incomplete or misleading information regarding a private placement offering. The complaint settled for $2,650,000.

In 1994, a customer alleged Keith Daubenspeck, while employed at Stifel Nicolaus, executed excessive trades, churned the account, misrepresented material facts, and failed to follow instructions. The complaint settled for $20,000.

If you or someone you know has a complaint regarding Keith Daubenspeck, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.